WEBVTT - Bloomberg Daybreak: April 8, 2022 - Hour 1 (Radio) 0:00:02.120 --> 0:00:05.439 Live from the Bloomberg Interactive Brooker Studios. This is Bloomberg 0:00:05.480 --> 0:00:09.920 Daybreak for Friday, April late. Coming up this hour, economic 0:00:09.960 --> 0:00:12.959 pressure ratchets up on Russia. We are live in Europe 0:00:12.960 --> 0:00:15.920 with the latest. Jenny Yellens, pushed for a global tax agreement, 0:00:15.960 --> 0:00:19.280 suffers a setback. The war hits food supply as prices 0:00:19.320 --> 0:00:22.079 surged at the fastest pace ever, and Elon Muska is 0:00:22.079 --> 0:00:24.520 said to address the staff at Twitter after taking a 0:00:24.600 --> 0:00:27.240 stake in the company. New York lawmakers struck a two 0:00:27.320 --> 0:00:30.440 hundred twenty billion dollar budget deal. Plus today President Bike 0:00:30.520 --> 0:00:34.920 will celebrate future Supreme Court Justice Jackson. Michael barn Or Ahead, 0:00:35.080 --> 0:00:37.600 I'm John stashdown and swords the season opening win for 0:00:37.600 --> 0:00:39.400 the met the big win for the Rangers, and they'll 0:00:39.400 --> 0:00:44.520 play the second round of the Masters today. That's all 0:00:44.560 --> 0:00:48.199 stready ahead on Bloomberg Daybreak on Bloomberg eleven three on 0:00:48.320 --> 0:00:52.400 New York, Bloomberg N one, Washington, d C, Bloomberg one 0:00:52.400 --> 0:00:56.600 oh six one, Boston, Bloomberg nine sixty, San Francisco, Sirius 0:00:56.760 --> 0:00:59.760 x AM one nineteen and around the world on Bloomberg 0:00:59.800 --> 0:01:08.480 Radio dot com and via the Bloomberg Business Act and 0:01:08.680 --> 0:01:11.920 good Friday morning. I'm Nathan Hagar and I'm Karen Moscow, 0:01:11.959 --> 0:01:14.640 and US futures are higher to end the week. We're 0:01:14.720 --> 0:01:16.240 coming up to five o one on Wall Street, and 0:01:16.280 --> 0:01:18.880 we check the markets every fifteen minutes throughout the trading day. 0:01:18.959 --> 0:01:22.480 On Bloomberg SMP futures of eleven points down, futures up 0:01:22.560 --> 0:01:25.920 ninety six, nasdack futures up forty three, The dacks in 0:01:25.959 --> 0:01:29.160 Germany's at one point one percent ten. Your treasury down 0:01:29.160 --> 0:01:32.360 six thirty seconds, yield two point six eight percent, and 0:01:32.400 --> 0:01:34.959 the yield on the two year two point five one percent, 0:01:35.200 --> 0:01:38.839 and Nimex screwed oil is up half percent. Nathan, all right, Karen, 0:01:38.880 --> 0:01:40.600 we'll have more on the markets in a minute. First, 0:01:40.600 --> 0:01:42.160 we need to bring you the latest on the war. 0:01:42.360 --> 0:01:45.280 Ukraine now says dozens have been killed this morning in 0:01:45.319 --> 0:01:48.760 a Russian attack on a railway station. Meantime, the United 0:01:48.840 --> 0:01:51.600 Nations General Assembly has voted to suspend Russia from the 0:01:51.680 --> 0:01:54.720 Human Rights Council. And that's just the first step. Bloomberg 0:01:54.840 --> 0:01:59.320 Z Baxter reports. Secretary of State Antony Blanken says exactly 0:01:59.360 --> 0:02:02.520 the right move. When US Ambassador the UN Linda Thomas 0:02:02.520 --> 0:02:06.800 Greenfield says the body must proceed with investigation and punishment. 0:02:06.880 --> 0:02:11.200 It's about the credibility of the U n Right now, 0:02:11.320 --> 0:02:15.040 the world is looking to us. They're asking if the 0:02:15.120 --> 0:02:19.959 United Nations is prepared to meet this moment. Greenfield calls 0:02:20.000 --> 0:02:23.200 it an historic moment with work left to be done. 0:02:23.720 --> 0:02:26.799 In San Francisco, i'mad Baxter Bloomberg daybreak, All right, and 0:02:26.960 --> 0:02:29.440 thank you For the first time, the European Union has 0:02:29.480 --> 0:02:33.079 now targeted Russia's crucial energy revenues. And we go live 0:02:33.120 --> 0:02:35.600 to London and get the latest with Bloomberg's UN pads. 0:02:35.680 --> 0:02:39.160 Good morning, UN, Good morning counter Nathan Cole. Imports from 0:02:39.240 --> 0:02:41.840 Russia are to be banned. That's the agreement reached by 0:02:41.880 --> 0:02:45.000 the twenty seven nations of the European Union. It's a 0:02:45.040 --> 0:02:48.080 significant move for the region which remains reliance on fossil 0:02:48.160 --> 0:02:52.000 fuels from Moscow. The block's fifth sanctions package, which also 0:02:52.040 --> 0:02:55.440 includes a ban on most Russian trucks and ships from 0:02:55.600 --> 0:02:58.760 entering the European Union. As the blocking oil and gas 0:02:58.760 --> 0:03:02.000 from Russia, well, that is an altogether more difficult proposition. 0:03:02.360 --> 0:03:05.480 Live in London, i'mmun Pults break to say the least, 0:03:05.480 --> 0:03:08.120 thank you you and Many analysts believe energy sanctions, though, 0:03:08.160 --> 0:03:11.320 will put more pressure on Vladimir Putin. Haggar Shamali is 0:03:11.360 --> 0:03:14.560 a former policy advisor in the Treasury Department Sanctions Division. 0:03:15.040 --> 0:03:17.000 The language he understands the most is the threat of 0:03:17.040 --> 0:03:19.320 military force, and so I don't want to equate the 0:03:19.360 --> 0:03:22.640 threat of sanctions to the threat of military force when 0:03:22.680 --> 0:03:25.400 it comes to changing his behavior and compelling him to 0:03:25.480 --> 0:03:29.640 negotiate um. But it helps further the pressure and it 0:03:29.720 --> 0:03:34.640 helps most importantly limit his ability to finance his violence machine. 0:03:34.960 --> 0:03:37.880 Former Treasury Department advisor Hagar Shamali was a guest on 0:03:37.920 --> 0:03:41.040 Bloomberg Sound On Catch the program weekdays at five pm 0:03:41.080 --> 0:03:44.680 Eastern on Bloomberg Radio. Meantime, Nathan, the war in Ukraine 0:03:44.760 --> 0:03:47.200 is having a major impact on the cost of food. 0:03:47.280 --> 0:03:50.360 Global food prices are surging at the fastest pace ever, 0:03:50.560 --> 0:03:52.880 as the war Reeks have on supply chains in the 0:03:52.880 --> 0:03:55.960 Black Sea region that send food prices to a record 0:03:56.000 --> 0:03:59.080 with the United Nations Index of World Costs oring thirteen 0:03:59.600 --> 0:04:02.840 last There's more economic news this morning, Karen Is. Several 0:04:02.880 --> 0:04:06.040 Fed officials wigh and on policy. St. Louis President Jim 0:04:06.040 --> 0:04:09.680 Bullard says he favors raising interest rates sharply to counter 0:04:09.720 --> 0:04:13.559 the highest inflation in four decades. This Taylor rule calculation 0:04:13.720 --> 0:04:15.560 is telling us that where we should be in a 0:04:15.680 --> 0:04:20.560 minimal under minimal assumptions, very generous assumptions. It's saying it 0:04:20.560 --> 0:04:22.479 should be a three and a half percent, where we 0:04:22.560 --> 0:04:26.440 actually only one third of one percent or thirty seven 0:04:26.480 --> 0:04:29.400 and a half basis points. So you're too low by 0:04:29.480 --> 0:04:33.000 about three basis points. St. Louis FED President Jim Bullard 0:04:33.040 --> 0:04:36.280 is suggesting he backs a half percentage point half h 0:04:37.360 --> 0:04:41.039 percentage point hike in May. However, Atlanta's Raphael Bostick supports 0:04:41.040 --> 0:04:42.919 increases more in line with the path laid out by 0:04:42.960 --> 0:04:45.400 the Fed's projections or dot plot. I think it's fully 0:04:45.400 --> 0:04:49.120 appropriate that we move our policy uh closer to a 0:04:49.200 --> 0:04:52.039 neutral position, but I think we need to do it 0:04:52.080 --> 0:04:56.440 in a measured way. Atlanta FED President Raphael Bostick is 0:04:56.440 --> 0:04:58.200 a voter this year on the rate setting f o 0:04:58.360 --> 0:05:01.760 MC meantime, N and FED meetings could see some new 0:05:01.800 --> 0:05:05.160 faces on the way. Senate Banking Chairman Sheared Brown says 0:05:05.160 --> 0:05:08.080 he expects votes by the full Chamber on President Biden's 0:05:08.080 --> 0:05:10.840 for FED board nominees later this month to get the 0:05:10.880 --> 0:05:13.960 details from Bloomberg's Charley Pillett. He thinks that will happen 0:05:14.000 --> 0:05:16.839 after the Senate's two week break, The Ohio Democrats said. 0:05:16.839 --> 0:05:19.800 He also hopes Biden will have nominated a new vice 0:05:19.880 --> 0:05:23.680 chair of Supervision by then. Brown said he expects Lisa Cook, 0:05:23.880 --> 0:05:27.240 a pick for Fed Governor or Lele Brainerd nominated as 0:05:27.360 --> 0:05:30.960 vice chair, to be the first to be confirmed. Republicans 0:05:31.000 --> 0:05:34.480 have lined up in opposition to Cook, but four Republicans 0:05:34.520 --> 0:05:38.240 back Brainerd in the Banking Committee in New York. Charlie 0:05:38.360 --> 0:05:40.560 Bloomberg day Break. All right, Charlie, thank you. At the 0:05:40.600 --> 0:05:43.279 Treasury Department this morning, there's a a parents set back 0:05:43.320 --> 0:05:46.240 for Janet Yellin's pushed for a global tax agreement. Let's 0:05:46.240 --> 0:05:48.960 get the latest on that life from Bloomberg's John Tucker. John, 0:05:49.279 --> 0:05:52.719 and it looks like big business is not backing the plan, Nathan. 0:05:52.800 --> 0:05:56.920 Executives at eight major US based multinational corporations interviewed by 0:05:56.960 --> 0:06:00.680 Bloomberg said that far too much remains unknown about the deal. 0:06:01.040 --> 0:06:04.159 Treasure Secretary Yelling is counting on their support, which could 0:06:04.160 --> 0:06:07.320 be critical to help win passage in Congress. The corporate 0:06:07.400 --> 0:06:10.760 leaders agree the ground baking global deal yelling secured last 0:06:10.839 --> 0:06:14.960 year could deliver important benefits by helping to reduce disputes 0:06:15.000 --> 0:06:17.880 and prevent trade wars, but they also called the plan 0:06:18.320 --> 0:06:21.840 overly complex. Live in New York on John Tucker Bloomberg Daybreak. 0:06:22.040 --> 0:06:24.320 All right, John, thank you all. Turning to corporate news. Now, 0:06:24.320 --> 0:06:26.920 it's all about Twitter again this morning. Just days after 0:06:26.960 --> 0:06:29.760 announcing a stake in the company, Elon Musk is reportedly 0:06:29.800 --> 0:06:32.200 set to address the staff, and we get the details 0:06:32.240 --> 0:06:35.279 live from Bloomberg's Ranida Young. Good morning, Nia, Good morning Karen. 0:06:35.360 --> 0:06:37.880 Twitter is planning to host Elon Musk for a Q 0:06:38.080 --> 0:06:41.120 and A session with employees. That's according to a company 0:06:41.160 --> 0:06:44.760 messages obtained by The Washington Post, which say they are 0:06:44.880 --> 0:06:49.640 internal outcries over Musk's appointment to Twitter's board of directors. 0:06:50.200 --> 0:06:53.240 Town Hall meetings like this are not new to Silicon Valley, 0:06:53.360 --> 0:06:55.360 but it's rare to host a board member at one. 0:06:55.720 --> 0:06:58.840 Twitter is hoping to calm any anxiety workers have about 0:06:58.920 --> 0:07:02.480 Musk's impact and company culture by giving them the chance 0:07:02.560 --> 0:07:05.680 to ask him anything. Live in New York. I'm really 0:07:05.760 --> 0:07:07.720 need a Young Bloomberg day Break, All right, We need 0:07:07.760 --> 0:07:09.680 to thank S. S and P. Futures up eight point, 0:07:09.720 --> 0:07:13.160 staff futures up eight five. Nastact futures higher by thirty 0:07:13.160 --> 0:07:16.320 one points. Straight ahead, your latest local headlines and a 0:07:16.400 --> 0:07:23.960 check of sports. This is Bloomberg and South five oh 0:07:24.000 --> 0:07:26.800 seven on Wall Street. We're fifty one degrees in Central Park. 0:07:26.840 --> 0:07:29.040 We got an accident on the cross prose To Expressway 0:07:29.120 --> 0:07:32.280 west bound by the Sheridan. The tails coming up in traffic. First. 0:07:32.400 --> 0:07:34.280 Michael Barr with laur on what's going on in New 0:07:34.400 --> 0:07:37.440 York and around the world. Happy Friday, Michael, Happy Friday 0:07:37.480 --> 0:07:41.000 to you, Nathan. New York Governor Kathy Hokel and legislative 0:07:41.080 --> 0:07:44.119 leaders struck a two hundred forty billion dollar budget deal 0:07:44.520 --> 0:07:47.680 that promises a little less pain at the gas bump, 0:07:48.040 --> 0:07:51.560 help for working parents, and new tax breaks. It is 0:07:51.680 --> 0:07:56.680 balanced and appairs a bold vision with a fiscally responsible approach. 0:07:57.000 --> 0:08:00.120 Very important to me. We are making historic investment that 0:08:00.160 --> 0:08:03.960 will make different people's lives right now, but also more importantly, 0:08:04.280 --> 0:08:07.640 these are legacy achievements to be noted for years to come. 0:08:07.880 --> 0:08:10.800 Governor Hokel says the budget is buoyed by more than 0:08:10.960 --> 0:08:15.000 twenty six billion dollars in pandemic recovery money and higher 0:08:15.000 --> 0:08:19.120 than anticipated tax collections. The Democratic leaders agreed to forego 0:08:19.320 --> 0:08:22.880 one d sixty two million dollars in revenue by accelerating 0:08:22.880 --> 0:08:26.360 a scheduled reduction in personal income tax rates. They also 0:08:26.440 --> 0:08:29.720 decided on a two point two billion dollar homeowner tax rebate, 0:08:30.280 --> 0:08:33.520 six months suspension of the state's fuel tax, and a 0:08:33.559 --> 0:08:38.439 two hundred eighty seven million dollar child tax credit. Manhattan 0:08:38.440 --> 0:08:41.599 District Attorney Alvin Bragg says a criminal investigation and the 0:08:41.679 --> 0:08:45.520 former President Donald Trump and his business practices is continuing 0:08:45.920 --> 0:08:48.880 despite a recent shake up in the Probes leadership. It 0:08:49.040 --> 0:08:51.280 was part of a double dose of bad legal news 0:08:51.360 --> 0:08:54.920 for Trump. New York Attorney General Letitia James also asked 0:08:54.960 --> 0:08:58.120 a court to hold Trump in contempt and find them 0:08:58.120 --> 0:09:01.280 ten thousand dollars per day for failing to comply with 0:09:01.320 --> 0:09:05.400 the subpoena for documents in her ongoing civil investigation. Trump 0:09:05.440 --> 0:09:09.640 slam James as an operative for the Democrat Party President 0:09:09.679 --> 0:09:12.720 Joe Biden. Today was celebrate the confirmation of Judge Ktanji 0:09:12.800 --> 0:09:16.520 Brown Jackson to the Supreme Court. Vice President Kamala Harris 0:09:16.559 --> 0:09:19.320 said she was honored to preside over the Senate for 0:09:19.400 --> 0:09:23.160 yesterday's confirmation. Vote. The Senate approved Judge Jackson in a 0:09:23.240 --> 0:09:26.040 fifty three to forty seven vote, making her the first 0:09:26.040 --> 0:09:29.080 black woman to serve as a Supreme Court justice. What 0:09:29.200 --> 0:09:34.920 a glorious day in the evening, it is what Aday 0:09:36.200 --> 0:09:38.840 Vice President Harras spoke about the vote during an event 0:09:39.160 --> 0:09:42.040 at the National Art Gallery last night. One person who 0:09:42.120 --> 0:09:45.320 can't be at today's celebration is how speaker Nancy Pelosi. 0:09:45.679 --> 0:09:49.200 She tested positive for COVID yesterday. Global News twenty four 0:09:49.200 --> 0:09:51.760 hours a day on air and on Bloomberg Quick Take, 0:09:51.840 --> 0:09:55.080 powered by more than twenty seven hundred journalists analyst more 0:09:55.080 --> 0:09:59.400 than a hundred twenty countries. Michael Barrn this is Bloomberg, Nathan. Alright, Michael, 0:09:59.400 --> 0:10:05.520 thank you on coming up to five ten on Wall 0:10:05.520 --> 0:10:08.040 Street time for the Bluebird Sports Update to Morning John 0:10:08.080 --> 0:10:11.920 stash Our, Morning Nathan. Since nineteen seven, Mets we won 0:10:11.920 --> 0:10:14.439 the World Series once. For what they have done over 0:10:14.480 --> 0:10:17.560 the last fifty three years is be dominant on opening 0:10:17.640 --> 0:10:20.680 day and incredible record of forty and thirteen. It was 0:10:20.720 --> 0:10:24.360 five to one in Washington, Tyler McGill's surprise opening day 0:10:24.360 --> 0:10:27.520 starter five scoreless innings. Eight of the nine Mets starters 0:10:27.559 --> 0:10:30.240 at hits. Robinson Canoe, Pete Alonso, and Mark Canna all 0:10:30.280 --> 0:10:32.880 had two hits tonight In d C. It's Max scherz 0:10:32.960 --> 0:10:35.040 Or his Mets debut, will face his little team with 0:10:35.080 --> 0:10:37.720 the Skies now clear, Yankees and Red Sox set to 0:10:37.760 --> 0:10:40.520 open the season today at the Stadium. Garrett Cole versus 0:10:40.600 --> 0:10:42.439 Nathan of All the also this afternoon. Round two of 0:10:42.480 --> 0:10:44.800 the Masters Tiger Woods has a late tea time that 0:10:44.880 --> 0:10:47.720 gives him a chance to recover from his first competitive 0:10:47.840 --> 0:10:49.520 round in a year and a half. It was a 0:10:49.679 --> 0:10:52.920 very impressive one for Taggery one under Parlar seveny one 0:10:53.000 --> 0:10:54.640 is to play this golf course and to do what 0:10:54.679 --> 0:10:59.199 I did today, to make the hit the shuts in 0:10:59.240 --> 0:11:00.640 the right spot title and I know where to hit 0:11:00.679 --> 0:11:02.000 it to a lot of these pins and I'm missing 0:11:02.000 --> 0:11:04.360 the correct spots and give myself good angles. And I 0:11:04.400 --> 0:11:05.960 did that all day and I was able to make 0:11:05.960 --> 0:11:07.400 a few cuts and end up in the red like 0:11:07.480 --> 0:11:10.600 I am right now. Year old Korean Sunjay Im shot 0:11:10.640 --> 0:11:12.600 sixty seven's got a one shot lead on the Austin 0:11:12.679 --> 0:11:15.560 Cameron Smith Hourly updates on Bloomberg Radio. The Master's Tonight 0:11:15.600 --> 0:11:18.440 wrap up show at eleven if the NHL season ended out, 0:11:18.440 --> 0:11:20.520 the Rangelers would play Pittsburgh in the opening round. They 0:11:20.520 --> 0:11:23.000 have met the Penguins three times over the last two weeks, 0:11:23.320 --> 0:11:25.120 and one all three. It was three nothing at the 0:11:25.120 --> 0:11:27.559 Garden with Engors historic and making thirty saves for his 0:11:27.640 --> 0:11:31.280 fourth shutout. Persons January Devil has lost in Montreal seven 0:11:31.320 --> 0:11:33.400 to four. Final weekend of the NBA regular season. The 0:11:33.440 --> 0:11:36.640 Knicks closed out tonight in Washington and then Sunday versus Toronto. 0:11:37.120 --> 0:11:40.760 Nets have home games Tomorrow and Sunday against Cleveland and Indian. 0:11:40.960 --> 0:11:44.360 John Statue, Bloomberg Sports, Okay, John, Thanks, want to pass 0:11:44.360 --> 0:11:46.160 along a couple of red headlines related to the war 0:11:46.200 --> 0:11:49.280 in Ukraine that just across the Bloomberg terminal. Japan's Prime 0:11:49.320 --> 0:11:52.400 minister says his country will ban Russian coal imports, and 0:11:52.440 --> 0:11:55.920 the UK has just added the daughters of Vladimir Putin 0:11:56.000 --> 0:11:59.480 and Russian farm minister Sergey Lavroff to its sanctions list. 0:11:59.800 --> 0:12:02.000 More are on the US response to the war next 0:12:02.040 --> 0:12:08.760 with Bloomberg Government's Emily Wilkins Bloomberg eleven three oh weather 0:12:08.800 --> 0:12:10.800 A mix of sun and clouds today, chance for a shower, 0:12:10.880 --> 0:12:13.000 low sixties for highs will be in the upper fifties 0:12:13.000 --> 0:12:15.280 with a chance for a shower tomorrow mix of sun 0:12:15.320 --> 0:12:23.679 and clouds low fifties on Sunday right now forty nine degrees. Markets, 0:12:23.760 --> 0:12:26.839 headlines and breaking news twenty four hours a day at 0:12:26.840 --> 0:12:30.760 Bloomberg dot Com, The Bloomberg Business Atland at Bloomberg Quicktake, 0:12:31.000 --> 0:12:40.600 this is a Bloomberg Business Flash and I'm Karen Moscow. 0:12:40.679 --> 0:12:42.599 Stocks are ending the week on a positive note, with 0:12:42.720 --> 0:12:46.040 European equities snapping two days of decline sparked by the 0:12:46.040 --> 0:12:49.960 federal reserves plan for aggressive monetary policy tightening. We checked 0:12:49.960 --> 0:12:52.280 the markets every fifteen minutes throughout the trading day on 0:12:52.320 --> 0:12:55.920 Bloomberg SMP futures are higher up ten points down, Future 0:12:55.960 --> 0:12:58.719 is up ninety four, NAZAC futures up thirty eight. The 0:12:58.840 --> 0:13:02.120 decks in Germany's at point to percent pen Your treasury 0:13:02.160 --> 0:13:04.720 down six thirty seconds, held two point six eight percent. 0:13:04.800 --> 0:13:07.320 They yield down the two year two point five one percent. 0:13:07.800 --> 0:13:10.199 Ni Max Screwed oil is up eight tens percent or 0:13:10.240 --> 0:13:12.800 seventy seven cents at ninety six dollars. Seventy eight cents 0:13:12.840 --> 0:13:15.160 of barrel. Comic School is down a tenth of upper 0:13:15.200 --> 0:13:17.720 cent or two dollars twenty cent at nineteen thirty five 0:13:17.800 --> 0:13:21.120 sixty announced the euro one point eight seven three against 0:13:21.160 --> 0:13:23.640 the dollar. British found one point three zero four zero, 0:13:23.920 --> 0:13:26.280 and they yet at one twenty four point one zero 0:13:26.400 --> 0:13:29.720 and Bitcoin this morning it is higher, up four tens 0:13:29.760 --> 0:13:33.320 percent at forty three thousand, seven hundred seventy dollars. That's 0:13:33.320 --> 0:13:36.080 a Bloomberg Business flashow. Here's Michael Barr with more on 0:13:36.120 --> 0:13:39.160 what's going on around the world. Unchel, Good morning, Good morning, Karen. 0:13:39.200 --> 0:13:42.120 The UN General Assembly builded to suspend Russia from the 0:13:42.200 --> 0:13:47.800 organization's leading human rights body over allegations of atrocities in Ukraine. Meanwhile, 0:13:47.960 --> 0:13:52.320 European Union countries agreed demand coal imports from Russia. President 0:13:52.320 --> 0:13:55.400 Biden will hold a ceremony today for Katangi Brown Jackson, 0:13:55.440 --> 0:13:58.760 who was confirmed to the Supreme Court yesterday. In golf, 0:13:58.760 --> 0:14:01.920 had the Master's Sunday m leads the field after round 0:14:01.960 --> 0:14:05.280 one with five under. Tiger Woods is four shots back 0:14:05.360 --> 0:14:08.320 from the lead. Stay tuned for updates every hour on 0:14:08.360 --> 0:14:11.720 Bloomberg Radio and a special edition of Masters Tonight coming 0:14:11.800 --> 0:14:15.040 up at eleven pm. Eastern Major League Baseball, the MAT's 0:14:15.120 --> 0:14:18.280 beat the Nationals five one and their opener. The Yankees 0:14:18.320 --> 0:14:21.080 host the Red Sox today after yesterday's schedule to open 0:14:21.080 --> 0:14:23.560 it was postponed because of rain. In the NHL, the 0:14:23.680 --> 0:14:26.880 Rangers won the Devil's Lost. Global News twenty four hours 0:14:26.880 --> 0:14:29.960 a day on air and on Bloomberg Quicktake, powered by 0:14:30.000 --> 0:14:33.120 more than twenty seven hundred journalist and analysts in more 0:14:33.120 --> 0:14:38.040 than one d twenty countries. Michael Barr and this is Bloomberg. Nathan. Okay, Michael. Thanks, 0:14:38.040 --> 0:14:40.800 It's five nineteen on Wall Street Live from the Bloomberg 0:14:40.840 --> 0:14:44.800 Interactive Broker Studios. This is Bloomberg Daybreak. And Emily Wilkins 0:14:44.920 --> 0:14:48.000 joins us now a Bloomberg government reporter from our Bloomberg 0:14:48.720 --> 0:14:51.640 studios in the nation's capital, as we continue to follow 0:14:51.720 --> 0:14:54.720 developments of the war in Ukraine. Emily, good morning, along 0:14:54.760 --> 0:14:58.160 with the reported atrocities in northern Ukraine. Now we're just 0:14:58.200 --> 0:15:01.720 getting this report from Ukraine officials in the Dunettes region 0:15:01.800 --> 0:15:05.920 saying that maybe thirty civilians were killed by Russian shelling 0:15:06.000 --> 0:15:09.440 at a railway station where people were trying to evacuate. 0:15:09.640 --> 0:15:13.640 If there was any sense that Russia is concerned about 0:15:13.680 --> 0:15:16.480 feeling like a pariah country after all the response from 0:15:16.520 --> 0:15:18.480 the rest of the world. It does not seem like 0:15:18.520 --> 0:15:21.440 that's the case now if this is confirmed. I mean, 0:15:21.720 --> 0:15:24.720 there's definitely a lot of concern, particularly with these new 0:15:24.720 --> 0:15:27.600 reports that we are hearing come out just really that 0:15:27.720 --> 0:15:30.720 give the scope of of what has happened um in 0:15:30.840 --> 0:15:35.640 Ukraine at this point, um and we're trying to get 0:15:35.720 --> 0:15:39.200 a really sort of a sense of exactly how the 0:15:39.200 --> 0:15:42.960 war is shifting, of course um at and what else 0:15:43.040 --> 0:15:45.720 is needed to be done. Obviously, there was some optimism 0:15:45.800 --> 0:15:49.080 I think last week when it seemed like negotiations had 0:15:49.120 --> 0:15:51.760 made some sort of progress, but it's clear at this 0:15:51.880 --> 0:15:55.119 point it seems that Russia has simply regrouped and refocused 0:15:55.160 --> 0:15:57.480 its forces more in the east and less on the 0:15:57.560 --> 0:16:01.040 area of Kiev. Of the US and other countries are 0:16:01.080 --> 0:16:04.080 still trying to figure out ways to put additional pressure 0:16:04.240 --> 0:16:08.480 on putin UH with additional Russian sanctions. You saw the 0:16:08.520 --> 0:16:11.960 Senate and the House a move very quickly yesterday passing 0:16:12.000 --> 0:16:16.640 two bills, one that would ban UH ban Russian imports 0:16:16.640 --> 0:16:19.800 of oil to the US and another one that would 0:16:19.920 --> 0:16:23.280 end a permanent normal trade relations status between the US 0:16:23.360 --> 0:16:26.280 and Russia. Now those bills, they say had gotten held 0:16:26.360 --> 0:16:29.560 up a little bit over some concerns from Senator Rampaul 0:16:29.720 --> 0:16:33.080 who says that aspects about being Russian being punished for 0:16:33.200 --> 0:16:37.160 humanitarian abuses was not specific enough um at what that 0:16:37.240 --> 0:16:39.800 would be done. But they did come to an agreement. 0:16:40.040 --> 0:16:42.760 They were able to pass that legislation, both bills. Every 0:16:42.800 --> 0:16:45.920 single Senator voted for them, and they got overwhelming support 0:16:46.000 --> 0:16:49.280 in the House. And we know more legislation is coming. 0:16:49.280 --> 0:16:51.920 We're seeing lawmakers continue to say that there's a need 0:16:52.000 --> 0:16:54.880 to correct out on Putin, to find other things with sanctions, 0:16:55.040 --> 0:16:57.800 and I know that President Biden is also urging his 0:16:57.880 --> 0:17:02.600 European allies to find ways to remove themselves from Russian oil, 0:17:02.680 --> 0:17:06.040 which is certainly much harder in Russias in Europe rather 0:17:06.119 --> 0:17:09.080 than in the US. But something the US is trying 0:17:09.119 --> 0:17:11.240 to find a way to help their allies with. I mean, 0:17:11.280 --> 0:17:14.880 that's really the key here, isn't it. The idea that 0:17:15.200 --> 0:17:18.959 Europe needs to wean itself more from Russian oil and gas. 0:17:19.000 --> 0:17:22.520 I mean, even when you see a unanimous Senate, something 0:17:22.560 --> 0:17:27.240 you hardly ever seen these days. Uh, the US focus 0:17:27.400 --> 0:17:31.360 on Russian trade, is it nearly as as important as 0:17:31.400 --> 0:17:35.840 it is in Europe? Right? Yes, I mean, there's definitely 0:17:37.560 --> 0:17:40.639 there's there's an importance, and there's also a lot of 0:17:41.160 --> 0:17:43.560 I mean, just in terms of backing up Ukraine, there 0:17:43.640 --> 0:17:47.160 is a lot of support that you're seeing within the US. 0:17:47.200 --> 0:17:51.719 It's still bipartisan, it's still very strong. So what are 0:17:51.720 --> 0:17:53.720 you gonna be looking for in the days to come? 0:17:53.760 --> 0:17:56.920 I mean, what further pressure can the US put on Russia? 0:17:57.000 --> 0:18:00.040 What further support can the US provide to Ukraine in 0:18:00.320 --> 0:18:04.600 terms of weapons and humanitarian aid? Those are all really 0:18:04.600 --> 0:18:08.120 good questions, Nathan, and we have seen additional calls from 0:18:08.280 --> 0:18:11.800 Ukraine for additional weapons, things that are a little more 0:18:11.800 --> 0:18:15.040 heftier than what the US has been currently providing in 0:18:15.160 --> 0:18:18.160 terms of force. One thing that we've definitely heard from 0:18:18.200 --> 0:18:20.639 a number of experts really is that what Putin is 0:18:20.680 --> 0:18:23.320 responding to right now is not sanctions, but Putin is 0:18:23.400 --> 0:18:26.000 responding to force, and so there is a need for 0:18:26.080 --> 0:18:30.200 more more military equipment, more missiles, more weapons, more tanks 0:18:30.320 --> 0:18:32.760 on the ground, and that's certainly something the US is 0:18:32.800 --> 0:18:35.480 looking into, as well as humanitarian aid. What is going 0:18:35.520 --> 0:18:38.280 to happen with the refugees, What is going to happen, 0:18:38.320 --> 0:18:40.439 What is the future of cities that have been almost 0:18:40.480 --> 0:18:44.199 completely destroyed like mariupol Um. And we don't know. Congress 0:18:44.280 --> 0:18:46.120 is out for the next two weeks, so we're not 0:18:46.200 --> 0:18:48.800 expecting to see a lot of action from them at 0:18:48.840 --> 0:18:52.120 this time, but we know that there is additional legislation 0:18:52.200 --> 0:18:55.000 that would just continue sanctions on Putin and on those 0:18:55.000 --> 0:18:58.840 and Putin's inner circle. Alright, Bloomberg Government reporter Emily Wilkins 0:18:58.840 --> 0:19:01.399 with us from Washington, EC will be checking back with 0:19:01.480 --> 0:19:05.000 you later on in the program. With so much more 0:19:05.359 --> 0:19:10.000 going on, even with Congress heading into this two week recess, 0:19:10.040 --> 0:19:12.680 we've had history made in terms of the Supreme Court, 0:19:12.760 --> 0:19:14.919 and of course, UH got a bit of a COVID 0:19:14.920 --> 0:19:17.560 outbreak happening in the nation's capital as well. So we'll 0:19:17.600 --> 0:19:21.119 be checking back with Emily in the next hour for 0:19:21.240 --> 0:19:24.040 more on what's happening in the nation's capital. Looking ahead 0:19:24.040 --> 0:19:26.720 to the market open on Wall Street, we're seeing some 0:19:26.760 --> 0:19:29.960 gains for futures right now, with SMP futures up ten points, 0:19:29.960 --> 0:19:33.240 staff futures up eighty nine, NASTAC futures are higher by 0:19:33.359 --> 0:19:36.919 forty three points ten your treasuries down five thirty seconds 0:19:36.920 --> 0:19:39.040 the old two point six seven percent yield on the 0:19:39.119 --> 0:19:42.400 two year two point five one, nime X screwed up 0:19:42.640 --> 0:19:44.760 a little more than one percent up a dollar one 0:19:45.920 --> 0:19:49.440 oh four barrel, and uh comics gold right now down 0:19:49.440 --> 0:19:52.960 to ten percent to ninety six even announced straight ahead 0:19:53.000 --> 0:19:55.800 a setback for a global tax deal. And to be 0:19:55.880 --> 0:19:58.720 a fly on the wall today at Twitter your top 0:19:58.800 --> 0:20:02.360 stories of the morning. Just to head on Bloomberg Daybreak. 0:20:02.400 --> 0:20:08.840 Good morning, Bloomberg eleven three oh weather. Chance for a 0:20:08.880 --> 0:20:11.000 shower today, otherwise it mikes of sun in clouds, low 0:20:11.080 --> 0:20:13.440 sixties to win the week partly Sunday tomorrow another chance 0:20:13.480 --> 0:20:16.080 for a shower upper fifties. Makes of sun in clouds 0:20:16.080 --> 0:20:19.160 low fifties on Sunday right now forty nine in Central Park, 0:20:22.800 --> 0:20:27.359 Broadcasting live from the Bloomberg Interactive Broker Studio in New York. 0:20:27.440 --> 0:20:30.920 Bloomberg E Living Free to Washington, d C, Bloomberg ninety 0:20:31.000 --> 0:20:33.920 nine one to Boston, Bloomberg What on six one to 0:20:34.000 --> 0:20:37.760 San Francisco, Bloomberg nine sixteen to the country, Sirius XM 0:20:37.800 --> 0:20:40.080 to the one nine ten, and around the globe the 0:20:40.080 --> 0:20:44.000 Bloomberg Business app in Bloomberg Radio dot com. This is 0:20:44.000 --> 0:20:52.680 Bloomberg Daybreak. It's five thirty on Wall Street good morning. 0:20:52.680 --> 0:20:55.879 I'm Nathan Hagar and I'm Teren Moscow. We're just about 0:20:55.880 --> 0:20:58.440 four hours away from the open of US trading. Let's 0:20:58.440 --> 0:20:59.760 get you up to date on the news you need 0:20:59.840 --> 0:21:02.720 to know at this hour. Ukraine says dozens have been 0:21:02.800 --> 0:21:06.280 killed in a Russian attack on a railway station. Meantime, 0:21:06.320 --> 0:21:09.280 the UN General Assembly is voted to suspend Russia from 0:21:09.280 --> 0:21:14.040 the Human Rights Council. US Ambassador Linda Thomas Greenfield let 0:21:14.080 --> 0:21:19.639 us continue to hold Russia accountable for this unprovoked, unjust, 0:21:19.920 --> 0:21:24.159 unconscionable war, and to do everything in our power to 0:21:24.280 --> 0:21:28.560 stand with the people of Ukraine. Ambassador Linda Thomas Greenfield says, 0:21:28.600 --> 0:21:31.399 it's a collective step in the right direction. We meantime 0:21:31.440 --> 0:21:34.280 caring for the first time, the European Union's targeting Russia's 0:21:34.320 --> 0:21:37.320 crucial energy reserves. The Block has agreed to ban Russian 0:21:37.440 --> 0:21:40.920 coal imports. It's also banning most Russian trucks and ships 0:21:40.920 --> 0:21:44.040 from entering the EU. Meantime, the war in Ukraine is 0:21:44.080 --> 0:21:46.560 having a major impact on the cost of food. Global 0:21:46.600 --> 0:21:49.400 food prices are surging at the fastest pace ever has 0:21:49.440 --> 0:21:52.439 The war raks havoc on supply chains. The United Nations 0:21:52.440 --> 0:21:55.800 index of world costs or thirteen percent last month. At 0:21:55.840 --> 0:21:58.480 the Treasury Department. This morning, there's an appearance setback for 0:21:58.560 --> 0:22:02.040 Janet Yellen. We're told big businesses pushing back at her 0:22:02.080 --> 0:22:04.760 plans for a global tax agreement. Let's get the details 0:22:04.760 --> 0:22:08.280 live from Bloomberg's John Tucker John Nathan Transury Secretary yelling 0:22:08.400 --> 0:22:11.080 counting on the support of corporate America for her global 0:22:11.119 --> 0:22:14.520